Managing the Financial Side of Commercial Fleets

Volvo's EV Should Provide 250 Miles of Range

Volvo's first battery-electric vehicle should provide 250 miles of range and cost at least $35,000 when it arrives in 2019, Volvo Car USA's CEO told journalists at the Geneva auto show.

Lex Kerssemakers also said the car must meet those benchmarks to give the company enough sales volumes to make it worthwhile, reports Automotive News.

The vehicle will compete with the Chevrolet Bolt EV, which provides 238-miles of range and costs less than $30,000 after a federal rebate and Tesla's Model 3, which will arrive later this year and provide 215 miles of range at a cost of around $35,000.